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AMP Bank

AMP SignatureSuper Allocated Pension

Future Directions Balanced

Awards

Winner of SuperRatings Gold 2021 Pension, Infinity Recognised 2021

Past 5-year return
8.23

% p.a

Admin fee

$91

Calc fees on 50k

$921

SuperRatings awards
SuperRatings Gold 2021 PensionInfinity Recognised 2021
Past 5-year return
8.23

% p.a

Admin fee

$91

Calc fees on 50k

$921

SuperRatings awards
SuperRatings Gold 2021 PensionInfinity Recognised 2021

Quick pension fund review

For AMP SignatureSuper Allocated Pension

These are the benefits of this pension fund.

  • Flexible income payments in retirement
  • Dynamic investment menu providing access to over 80 investment options, including a range of multi-manager ethical investment options
  • 24/7 online access via MyAMP

AMP SignatureSuper was established in 2003 to cater for corporate superannuation plans wanting greater flexibility and tailored features, with the Allocated Pension established in 2007. This product was moved to the Super Directions Fund effective 15 May 2020.Members have access to an extensive investment menu, featuring a wide range of Multi-Sector and Single-Sector options, as well as Term Deposits. The Future Directions Balanced option underperformed the SuperRatings Index over each time period assessed to 30 June 2020.Fees for this product are higher than the industry average across all assessed account balances. However, we note member fees can be tailored to individual employer plans and a large plan discount may apply to reduce the asset administration fee, hence, these ratings are indicative only. No switching fees are charged, although changing investment options may incur transactional costs.This product offers an excellent level of pension flexibility. Members can choose from multiple payment frequencies ranging from fortnightly to annually and can apply for EasyDraw which allows them to make an additional income payment by phone or via the online account without completing a withdrawal form. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions.AMP's website provides members with access to a variety of financial simulators and retirement calculators, as well as a Goals info centre with a wealth of online tools and educational materials. Furthermore, the fund's interactive digital advice tool 'AMP Goals 360' is designed to assist members to plan and track their retirement goals.

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Pension fund overview

For AMP SignatureSuper Allocated Pension

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    Target Market Determination

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    Fund fees vs. Industry average
    THIS FUND
    INDUSTRY AVERAGE
    Fund past-5-year return vs. Industry average
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    INDUSTRY AVERAGE
    Investment allocation
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    ALTERNATIVES
    FIXED INTEREST
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    Investment option performance
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    HIGH GROWTH
    CONSERVATIVE BALANCE
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